Equity Residential (NYSE:EQR – Get Free Report) had its price objective lowered by equities researchers at Piper Sandler from $71.00 to $57.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target suggests a potential upside of 4.51% from the stock’s previous close.
EQR has been the subject of several other reports. StockNews.com initiated coverage on shares of Equity Residential in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Stifel Nicolaus cut their price objective on shares of Equity Residential from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, November 1st. Morgan Stanley lifted their price target on shares of Equity Residential from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 19th. Mizuho reduced their price objective on shares of Equity Residential from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Finally, TheStreet upgraded shares of Equity Residential from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus target price of $66.13.
Equity Residential Stock Up 1.5 %
Hedge Funds Weigh In On Equity Residential
Several institutional investors have recently bought and sold shares of the business. Roger Wittlin Investment Advisory LLC lifted its position in Equity Residential by 2.1% during the second quarter. Roger Wittlin Investment Advisory LLC now owns 7,544 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 158 shares during the period. Cibc World Market Inc. grew its stake in Equity Residential by 1.2% during the 2nd quarter. Cibc World Market Inc. now owns 13,757 shares of the real estate investment trust’s stock valued at $908,000 after acquiring an additional 161 shares in the last quarter. Securian Asset Management Inc. grew its stake in shares of Equity Residential by 0.6% in the 1st quarter. Securian Asset Management Inc. now owns 28,128 shares of the real estate investment trust’s stock valued at $1,688,000 after buying an additional 167 shares during the period. CWM LLC lifted its holdings in shares of Equity Residential by 5.9% in the 2nd quarter. CWM LLC now owns 3,114 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 174 shares during the last quarter. Finally, Veritable L.P. lifted its holdings in shares of Equity Residential by 5.0% in the 2nd quarter. Veritable L.P. now owns 3,851 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 184 shares during the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.
Equity Residential Company Profile
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 304 properties consisting of 80,212 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.
- Five stocks we like better than Equity Residential
- The Role Economic Reports Play in a Successful Investment Strategy
- MarketBeat Week in Review – 11/6 – 11/10
- What is the NASDAQ Stock Exchange?
- Data giants MongoDB and Snowflake just got upgraded
- What Are Meme Stocks and Are They Viable Investments?
- Plug Power at tipping point; it’s make or break time for hydrogen
Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.